Analysts Set Box, Inc. (NYSE:BOX) PT at $35.89

Shares of Box, Inc. (NYSE:BOX) have received an average rating of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $35.89.

BOX has been the subject of a number of analyst reports. UBS Group raised their price target on BOX from $34.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Royal Bank of Canada reissued an “underperform” rating and set a $21.00 price objective on shares of BOX in a report on Wednesday, December 4th. William Blair reissued an “outperform” rating on shares of BOX in a research note on Thursday, November 14th. Morgan Stanley upped their price target on shares of BOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 4th. Finally, Citigroup boosted their target price on shares of BOX from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th.

Insider Buying and Selling

In related news, CFO Dylan C. Smith sold 13,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $32.33, for a total value of $420,290.00. Following the transaction, the chief financial officer now owns 1,448,509 shares of the company’s stock, valued at $46,830,295.97. This trade represents a 0.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Eli Berkovitch sold 4,792 shares of BOX stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $32.46, for a total transaction of $155,548.32. Following the sale, the vice president now owns 140,172 shares of the company’s stock, valued at $4,549,983.12. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,178 shares of company stock valued at $2,046,898. Company insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On BOX

Institutional investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. purchased a new stake in shares of BOX in the third quarter valued at approximately $36,000. Quarry LP lifted its holdings in shares of BOX by 324.6% in the 2nd quarter. Quarry LP now owns 1,418 shares of the software maker’s stock worth $37,000 after buying an additional 1,084 shares during the period. GAMMA Investing LLC grew its position in shares of BOX by 143.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,337 shares of the software maker’s stock worth $44,000 after buying an additional 787 shares in the last quarter. Toronto Dominion Bank purchased a new position in shares of BOX during the second quarter valued at $53,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of BOX by 31.7% in the second quarter. Nisa Investment Advisors LLC now owns 2,627 shares of the software maker’s stock valued at $69,000 after acquiring an additional 632 shares in the last quarter. 86.74% of the stock is owned by hedge funds and other institutional investors.

BOX Price Performance

Shares of NYSE:BOX opened at $32.03 on Thursday. The company has a market capitalization of $4.60 billion, a P/E ratio of 40.04 and a beta of 0.86. BOX has a 1-year low of $24.28 and a 1-year high of $35.74. The firm’s 50 day simple moving average is $33.08 and its two-hundred day simple moving average is $30.32.

BOX Company Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.